Kotak Mahindra Bank offers a wide variety of savings account options to its customers to suit their individual needs. From premium saving account to basic or regular accounts, from online savings accounts to offline accounts, from accounts for children to accounts for senior citizens, the options are endless.

Moreover, the rate of interest offered on Kotak Mahindra Bank savings account is also higher than those offered by most of its contemporaries. Let us have a look at the various types of accounts they offer and what they promise. Eligibility for most of the Kotak Mahindra Bank savings accounts is similar and is provided with the account details below.

Kotak Mahindra Bank savings account interest rate is 5% p.a. if the balance in the account is up to Rs.1 lakh. For balances above Rs.1 lakh to Rs 1 crore then the rate of interest provided is 6.00% p.a.; for balances above Rs. 1 crore, the rate of interest is 5.50% per annum.

Kotak Mahindra Bank enables its customers to open a savings bank account through two channels – online and offline. We have classified the savings account offered by Kotak Mahindra Bank into online and offline channels.

Kotak 811 is a zero balance savings account, which brings the complete digital banking ecosystem to your mobile. Now you can open a savings account in less than 5 minutes with Kotak 811 from the convenience of your home / office. The primary purpose of introducing 811 is to bring you all the facilities and seamless shopping, travelling and entertainment experience with the benefits of a zero balance savings account on your mobile.

Features & Benefits of Kotak 811 Savings Account

Listed below are the several features and benefits of Kotak 811 Savings Account:-

Open your savings account in no time with Kotak 811. Just fill in the details and experience mobile banking like never before

Enjoy benefit of Zero Balance Savings Account

Earn up to 6% p.a.* interest on balance maintained in your savings account

You can complete your Full KYC by requesting a home visit for in person verification using your Kotak mobile banking app

Kotak 811 users will also get cash deposit and withdrawal facility at branch (Cheque book available on demand)

Transfer funds via IMPS/NEFT/RTGS

Get a complimentary Virtual Debit Card with Kotak 811

Make payments without the hassle of cash and change. Pay for your shopping, cab, groceries, home delivery & much more using Kotak 811

Kotak brings a complete digital experience to banking with 811 Edge Savings Account. It comes with a paperless account opening experience and the minimum balance requirement (AMB) for the account is Rs. 10000.

Features & Benefits of Kotak 811 Edge Digital Account

Listed below are the several features and benefits of Kotak 811 Edge Savings Account:-

Open 811 Edge Account instantly using your Aadhaar details

Average Monthly Balance (AMB) to be maintained with 811 Edge Account is Rs. 10,000

Earn up to 6%* interest per annum on your savings account balance maintained

Free net banking facilities like IMPS, NEFT & RTGS to help you go digital and cashless

Applying for a Savings Account at Paisabazaar.com involves two simple steps:

Step 1: In the first step, fill a Savings Account form on Paisabazaar with required personal data like annual income range, name, email id, contact number and city. Once submitted the Savings Account tool automatically will furnish personalized Savings Account options.

Step 2: In the second step, the applicant can compare various Savings Account options offered by the tool interface and apply for the Kotak 811 Savings Account. You will be redirected to Kotak Mahindra Bank website. There you will be required to provide your basic and personal details to open your bank account in no time.

For Kotak 811 Edge, you can visit Kotak Mahindra Bank’s official website and open your account in no time.

Kotak Mahindra Junior savings account is a savings account specially crafted for children. It comes with the following features and benefits:

Kotak Junior Account

Features

Average Monthly Balance (AMB)

Zero Balance Savings Account

Debit Card

Personalized Junior Debit Card

Interest Rate

Up to 6%*

ATM Withdrawal Limit

Rs. 5000

Eligibility Criteria

Children below 18 years of age

*Debit Cards will be issued to children above the age of 10 years**Kotak Mahindra Bank savings account offers 6% per annum interest on balances over Rs.1 lakh and up to Rs.1 crore. Earn 5% p.a. interest on savings account balance up to Rs. 1 lakh and 5.5% p.a. interest on balance above Rs. 1 crore.

The documentation for Kotak Mahindra Bank savings account is listed below. You need to carry photocopy of the documents (with their originals) and are required to be presented at the time of submitting the account opening form.

If you want to open any of the offline savings accounts from Kotak Mahindra Bank which are listed above, then you can do so by visiting the nearest Kotak Mahindra Bank’s branch. In case of any queries, you can even contact them using the phone banking numbers mentioned below:

Phone Banking Numbers

1860 266 2666

For Kotak 811

1860-266-0811

Between 9:30 a.m. to 6:30 p.m., Mon to Sat (except holidays)

In case of any emergencies like fraud reporting or card Hot listing, you can call them 24×7 on the same number.